FARMER CURTIS C 4

What Happened
Curtis C. Farmer, a director of Texas Instruments (TXN), was granted 85.18 stock units (a derivative award) on 2026-06-19. The award is reported at a per-share value of $322.86, for a total grant value of approximately $27,501. This was an award/grant (not an open-market purchase or sale).

Key Details

• Transaction date and terms: 2026-06-19 — 85.18 stock units @ $322.86 each; total value ~$27,501.
• Security type: Derivative stock units that convert one-for-one into common stock (Footnote F1).
• Settlement: Stock units are credited under the Texas Instruments 2018 Director Compensation Plan and are to be settled in common stock following the reporting person's termination of service as a director (Footnote F2). Footnote F2 also notes end-of-period holdings include stock units from dividend reinvestment.
• Shares owned after transaction: Not specified in the provided excerpt.
• Filing timing: Report filed 2026-06-22 for the 6/19/2026 grant; the filing shows no explicit late-filing annotation in the provided data.

Context
This is a routine director compensation grant (stock units) rather than a market purchase or sale. Such awards are typically part of regular board compensation and do not, by themselves, indicate the director is buying or selling shares on the open market. Because settlement is deferred until the director leaves the board, these units do not necessarily represent immediate common-stock ownership.